LeasePlan Shareholder in Talks to Sell Stake to Investor Group

TODAY: March 31, 2015 PUB DATE: March 31, 2015

Dutch leasing fleet manager LeasePlan Corporation NV confirmed Tuesday that its 100% shareholder, Global Mobility Holding BV, is in talks to sell its interest to a group of investors, but cautioned that an agreement wasn't certain. LeasePlan said the investors ...

LeasePlan Shareholder in Talks to Sell Stake to Investor Group

TODAY: March 31, 2015 PUB DATE: March 31, 2015

By Ian Walker Dutch leasing fleet manager LeasePlan Corporation NV confirmed Tuesday that its 100% shareholder, Global Mobility Holding BV, is in talks to sell its interest to a group of investors, but cautioned that an agreement wasn't certain. LeasePlan ...

German Retail Sales Fall

TODAY: March 31, 2015 PUB DATE: March 31, 2015

FRANKFURT--German retail sales fell in line with expectations in February, slightly reversing the solid expansion seen in the previous two months, while the annual reading suggests that consumer spending remains a key pillar of growth in Europe's largest economy. Retail ...

French PM Valls: Hope to See Growth of 1.5% by End of Year

TODAY: March 31, 2015 PUB DATE: March 31, 2015

By Nadya Masidlover PARIS--French Prime Minister Manuel Valls said Tuesday that he hopes that the country's economic growth will reach 1.5% this year, raising the government's previous target of 1% growth for 2015, just days President Francois Hollande's Socialist Party ...

Philips Sells Lighting Business to Consortium

TODAY: March 31, 2015 PUB DATE: March 31, 2015

By WSJ Staff GO Scale Capital, an investment fund sponsored by GSR Ventures and Oak Investment Partners, said it would buy an 80.1% stake in Royal Philips NV's combined LED components and automotive lighting business in a deal that values ...

U.K. Revises GDP Upward

TODAY: March 31, 2015 PUB DATE: March 31, 2015

LONDON--The British economy grew at a faster pace than previously thought in 2014, official data revealed Tuesday, confirming that the U.K. was the top performing major western nation during the year. Gross domestic product expanded 2.8% in 2014, the Office ...

Thailand's Economic Recovery Remained Slow in February

TODAY: March 31, 2015 PUB DATE: March 31, 2015

By Nopparat Chaichalearmmongkol BANGKOK--Thailand's economy remained sluggish in February as private consumption continued to fall although tourist arrivals grew further, the monthly report from the Bank of Thailand showed Tuesday. The private-consumption index dropped 2.6% in February from a year ...

Hong Kong February Retail Sales Up 14.9% by Value

TODAY: March 31, 2015 PUB DATE: March 31, 2015

By Chester Yung HONG KONG--Hong Kong's retail sales by value rose 14.9% in February from a year earlier, a sharp rebound from January. The result was partly distorted by the Lunar New Year holiday, which fell in January last year ...

Citi Sells Citi Cards Japan to Sumitomo Mitsui Trust Bank

TODAY: March 31, 2015 PUB DATE: March 31, 2015

By Angela Chen Citigroup Inc. has agreed to sell Citi Cards Japan Inc. to Sumitomo Mitsui Trust Bank Limited, the latest move in Citigroup's plan to streamline its global consumer banking business. Financial terms weren't disclosed, although about 743,000 customer ...

Nigeria Challenger Builds Vote Lead

TODAY: March 31, 2015 PUB DATE: March 31, 2015

By Patrick McGroarty in Lagos, Nigeria, and Heidi Vogt in Yola, Nigeria Former military dictator Muhammadu Buhari built a wide lead in Nigeria's elections on Monday, raising the prospect of a 1980s-era strongman being elected to lead the promising but ...

Jay Z Enters Music-Streaming Wars With Tidal

TODAY: March 31, 2015 PUB DATE: March 31, 2015

By John Jurgensen Jay Z isn't the only star with a stake in the streaming-music company he recently bought. On Monday, the rapper was flanked on stage by more than a dozen fellow equity owners, including Beyoncé, Kanye West and ...

U.K. Raises 2014 Growth Figure

TODAY: March 31, 2015 PUB DATE: March 31, 2015

By Jon Sindreu and Jason Douglas LONDON--The British economy grew at a faster pace than previously thought in 2014, official data revealed Tuesday, confirming that the U.K. was the top performing major western nation during the year. Gross domestic product ...

Asian Shares Rise

TODAY: March 31, 2015 PUB DATE: March 31, 2015

Asian shares were mostly higher Tuesday, maintaining the positive momentum from Monday's Shanghai-led rally and Wall Street overnight. Australian shares were helped by growing expectations for an earlier interest-rate cut by the Australian central bank. Australia's S&P;/ASX200 was up 1.4% ...

Richemont to Merge Net-A-Porter With Yoox Group -- Update

TODAY: March 31, 2015 PUB DATE: March 31, 2015

By John Revill ZURICH-- Cie. Financière Richemont SA said Tuesday it plans to combine its online fashion retailer Net-a-Porter with Italian Web-based clothing company Yoox SpA, a deal that will create an Internet shopping giant with revenue of more than ...

French Consumer Spending Rises in February

TODAY: March 31, 2015 PUB DATE: March 31, 2015

By Stacy Meichtry PARIS--French consumer spending, a motor for the country's growth, rose slightly in February as sales of manufactured goods and energy increased. Household spending on goods in the eurozone's second-largest economy rose 0.1% on the month and 3% ...

Japan Auto Production Falls in February

TODAY: March 31, 2015 PUB DATE: March 31, 2015

TOKYO--Production of cars, trucks and buses in Japan declined 5.3% on year in February, falling for the eighth consecutive month, the Japan Automobile Manufacturers Association said Tuesday. Vehicle output fell to 817,390 vehicles in February from 863,452 vehicles in the ...